Insteel Industries Inc (IIIN)
Operating profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 33,956 | 160,759 | 83,978 | 21,206 | 4,457 |
| Revenue | US$ in thousands | 649,188 | 826,832 | 590,601 | 472,618 | 455,713 |
| Operating profit margin | 5.23% | 19.44% | 14.22% | 4.49% | 0.98% |
September 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $33,956K ÷ $649,188K
= 5.23%
Insteel Industries, Inc.'s operating profit margin has displayed fluctuations over the past five years. The operating profit margin in 2023 was 5.35%, representing a significant decrease from the previous year's figure of 19.50%. This decline suggests a decrease in the company's ability to generate profits from its core operations relative to its revenues. The operating profit margin in 2021 was 15.10%, which was higher than in 2020 when it stood at 5.17%. The significant improvement in 2021 indicates that the company successfully managed its operating expenses and increased operational efficiency. Furthermore, the operating profit margin showed a notable increase in 2019 to 1.22% from the previous year, signaling improved profitability. Overall, the trend in Insteel Industries, Inc.'s operating profit margin reflects fluctuations and variations in the company's ability to control costs and generate profits from its core business activities.
Peer comparison
Sep 30, 2023